Louana Pochon

On Monday 25 July, Leonard Paris was sold to its long-standing partner, the Japanese group Sankyo Seiko. The entity, which has specialised in fashion and textiles for more than a century and is still little known in Europe, demonstrates with this acquisition its desire to expand internationally and a strategy of moving upmarket under the leadership of its president Kenzo Kawasaki.

On Friday the 15th of July, the Richemont Group unveiled its report for the first quarter of its 2022 financial year, from April to the end of June. A positive start to the year with double-digit sales growth to 5.26 billion euros, particularly strong in its retail network.

On the 14th of July this year, Swatch Group published its half-yearly report for the year 2022, announcing a balance sheet that it considers to be “extremely positive” with an increase in turnover of +7.4% compared to the previous year. Despite growth being dampened by China’s “zero Covid” policy, double-digit sales growth is expected for the year as a whole.